Sprint, after trading lower in the morning, is now up a dime at $5.94. Underscoring Sprint’s struggles, if it closed at $5.94, that would mark a fresh 52-week high.

Sprint Nextel faces formidable challenges that will intensify if the AT&T acquisition of Deutsche Telekom’s T-Mobile America business goes forward. Singh may be hoping that Sprint gets some goodies as a condition of that deal going forward.

Maybe Sprint will even get an iPhone. Currently its gigantic rivals AT&T and Verizon are the only purveyors of Apple magic in the U.S. phone market.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.